Solution-How much of the increase in net sales is accounted

How much of the increase in net sales is accounted

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Reference no: EM132854405

Question - The income data of Ronie Corporation for the years 2019 and 2020 are as follows:

	2020	2019	Inc.
Net Sales	6,900	5,100	1,800
Cost of goods sold	3,795	3,060	735
Gross profit	3,105	2,040	1,065

If the sales prices in 2020 are approximately 20% higher than those of 2019, how much of the 1,800,000 increase in net sales is accounted for as attributable to sales price variance?

Reference no: EM132854405

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How much of the increase in net sales is accounted

Reference no: EM132854405

Reference no: EM132854405

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